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Avast to Commence Wind Down of Subsidiary Jumpshot

PRAGUE, Jan. 30, 2020 /PRNewswire/ -- Avast (LSE: AVST) – Avast today announced plans to terminate its provision of data to its subsidiary Jumpshot, Inc. and to commence a wind down of Jumpshot. All Avast products' core functionality will continue to perform as usual and users will see no change.

"Avast's core mission is to keep its users safe online and to give users control over their privacy," said Ondrej Vlcek, CEO of Avast. "The bottom line is that any practices that jeopardize user trust are unacceptable to Avast. We are vigilant about our users' privacy, and we took quick action to begin winding down Jumpshot's operations after it became evident that some users questioned the alignment of data provision to Jumpshot with our mission and principles that define us as a Company."

Mr. Vlcek also shared a personal letter on the decision to wind down Jumpshot, which can be found on our blog.

Current Jumpshot customers are encouraged to contact Deren Baker for more information. Jumpshot intends to continue paying its vendors and suppliers in full as necessary and in th ordinary course for products and services provided to Jumpshot during its wind down process. Jumpshot will be promptly notifying its customers in due course about the termination of its data services.

"We regret the impact this will have on Jumpshot employees and we appreciate the contributions they have made. We will endeavor to make this transition as smooth as possible for them," said Mr. Vlcek.

"Avast has a long track record of protecting users' devices and data against malware through our award-winning products, and the Company understands and takes seriously the responsibility to balance user privacy with the necessary use of data," said Mr. Vlcek. "With the ever-changing nature of threats to users online today and in the future, Avast is focused on innovating to enhance our products for the benefit of our users and the protection of their privacy. To that end, we will continue to demonstrate our innovative new products and security as we move forward with a singular vision in 2020 and beyond."

About Avast:Avast (LSE: AVST) is a global leader in digital security products. With over 400 million users online, Avast offers products under the Avast and AVG brands that protect people from threats on the internet and the evolving IoT threat landscape. The company's threat detection network is among the most advanced in the world, using machine learning and artificial intelligence technologies to detect and stop threats in real time. Avast was the first in the industry to offer free antivirus protection to users across the world, and Avast voluntarily applies compliance with the GDPR and California Consumer Privacy Act (CCPA) privacy requirements across our entire global user base, without exception. Every month, Avast products protect users from more than 1.5 billion malware attacks and 500 million visits to malicious sites. Avast digital security products for Mobile, PC or Mac are top-ranked and certified by VB100, AV-Comparatives, AV-Test, SE Labs and others. Visit: www.avast.com.